North America will account for the largest share of the global biomarkers market

November 2315:332016

The geographic segments included in this report are North America, Europe, Asia, and the Rest of the World (RoW). The report maps each test type and product segment in 11 geographic and regional segments.

The global biomarkers market will be valued at $24.10 Billion in 2015. It is expected to grow at a CAGR of 13.58% to reach $45.55 Billion by 2020. Increasing healthcare and R&D expenditure are the key growth drivers in this market. However, poorly suited regulatory & reimbursement systems, high cost of tests and sample collection & storage may hinder the growth of this market.

The global biomarkers market is segmented on the basis of product, type of biomarker, application, and disease indication. On the basis of application, the market is segmented into diagnostics development, drug discovery and development, personalized medicine, disease risk assessment, and others. Of these, diagnostics development accounted for the largest share of the global biomarkers market in 2015. On the other hand, personalized medicine is expected to grow at the highest rate.

By product, the market is divided into consumables, services, and software. Of these, consumables accounted for the largest share and are expected to show the highest growth. On the basis of type, the biomarkers market is categorized into safety biomarkers, efficacy biomarkers, and validation biomarkers. On the basis of disease indications, the biomarkers market is categorized into cancer, cardiovascular disorders, neurological disorders, immunological disorders, and other diseases.

The geographic segments included in this report are North America, Europe, Asia, and the Rest of the World (RoW).